{"id":51902,"date":"2024-11-14T13:33:11","date_gmt":"2024-11-14T13:33:11","guid":{"rendered":"https:\/\/new.igihe.com\/new-report-outlines-pathways-to-rwanda-s-sustainable-growth\/"},"modified":"2024-11-17T11:36:17","modified_gmt":"2024-11-17T11:36:17","slug":"new-report-outlines-pathways-to-rwanda-s-sustainable-growth","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/new-report-outlines-pathways-to-rwanda-s-sustainable-growth\/","title":{"rendered":"New report outlines pathways to Rwanda&#8217;s sustainable growth"},"content":{"rendered":"<p>The comprehensive report, a collaborative effort between the Government of Rwanda and the World Bank, highlights the country\u2019s significant economic achievements and presents recommendations to sustain growth in alignment with the second National Strategy for Transformation (NST-2).<\/p>\n<p>Rwanda has shown impressive economic resilience, with GDP growth averaging 7.4% annually between 2000 and 2023. This growth has been accompanied by improvements in social indicators, including life expectancy nearing 70 years, enhanced healthcare access, and expanded educational attainment.<\/p>\n<p>The CEM highlights opportunities for Rwanda to build on these achievements by expanding private sector engagement, strengthening human capital, and enhancing agricultural resilience\u2014critical drivers to sustain and accelerate Rwanda&#8217;s path toward high, sustainable growth. <\/p>\n<p>The report serves as a roadmap to address current economic challenges and seize emerging opportunities across key sectors, including private investment, education, agriculture, and climate resilience. It provides policymakers, stakeholders, and development partners with actionable insights to support the country\u2019s ambitious growth and inclusivity goals.<\/p>\n<p>The Minister of Finance and Economic Planning, Yusuf Murangwa, affirmed that Rwanda\u2019s impressive progress over the past years has laid a solid foundation for economic growth and social well-being.<\/p>\n<p>\u201cTo achieve the ambitious targets set in NST-2, we must now prioritize enhancing productivity, fostering private sector engagement, and investing in our people. The CEM provides a strategic framework to address these priorities, guiding us toward a more inclusive and resilient economy,\u201d the minister stated.<\/p>\n<p>Key findings from the CEM underscore Rwanda\u2019s effective growth strategy, driven by public investment, alongside a promising opportunity to further boost growth through increased private sector involvement. With the private sector currently contributing a non-negligible share to GDP, the report highlights substantial potential for expansion, particularly in the services and manufacturing sectors.<\/p>\n<p>The CEM recommends a series of reforms aimed at enhancing competition, increasing access to finance, bolstering domestic savings, and fostering innovation and ICT development. Additionally, it underscores the importance of regional integration to expand market access and promote sustainable trade partnerships.<\/p>\n<p>Speaking at the launch, World Bank Country Manager Sahr Kpundeh emphasized the strength of the partnership between the Government of Rwanda and the World Bank, noting that the collaboration underscores a shared commitment to Rwanda\u2019s vision for sustainable growth. <\/p>\n<p>\u201cThe CEM\u2019s recommendations provide clear pathways to greater economic resilience and shared prosperity. With strategic policy adjustments, we are confident Rwanda can foster a diversified economy that brings widespread benefits to all Rwandans,\u201d Kpundeh said.<\/p>\n<p>The report further highlights Rwanda\u2019s human capital as a cornerstone for achieving long-term growth. It recommends sustained investment in education, skills development, and healthcare. By nurturing a skilled and healthy workforce, Rwanda can unlock new growth potential across generations.<\/p>\n<p>The CEM also emphasizes opportunities in nature-based solutions to address climate risks. By prioritizing conservation and nature-based initiatives, Rwanda can tackle climate challenges while advancing its development goals.<\/p>\n<p>Prime Minister Ngirente expressed the government\u2019s commitment to leveraging lessons learned from the study to address the challenges identified. <\/p>\n<p>\u201cRwandans are eager for development, and our government is committed to pushing forward toward the aspirations of Vision 2050. Despite facing external shocks and challenges, even in difficult times, we are determined to keep moving forward,\u201d the Prime Minister stated.<\/p>\n<p>The report will serve as a guiding document for policymakers and stakeholders collaborating to build a brighter, more resilient, and inclusive future for Rwanda.<\/p>\n<figure class=\"spip-document spip-document-77050 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma9278.jpg\" alt=\"The Government of Rwanda and the World Bank on Wednesday, November 13, 2024, launched the Rwanda Country Economic Memorandum (CEM), titled \u201cPathways to Sustainable and Inclusive Growth in Rwanda.\u201d\" \/><\/figure>\n<figure class=\"spip-document spip-document-77037 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma9189.jpg\" alt=\"Prime Minister \u00c9douard Ngirente expressed the government\u2019s commitment to leveraging lessons learned from the study to address the challenges identified. \" \/><\/figure>\n<figure class=\"spip-document spip-document-77051 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma8858.jpg\" alt=\" World Bank Country Manager Sahr Kpundeh emphasized the strength of the partnership between the Government of Rwanda and the World Bank, noting that the collaboration underscores a shared commitment to Rwanda\u2019s vision for sustainable growth. \" \/><\/figure>\n<figure class=\"spip-document spip-document-77052 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma8825.jpg\" alt=\"The Minister of Finance and Economic Planning, Yusuf Murangwa, affirmed that Rwanda\u2019s impressive progress over the past years has laid a solid foundation for economic growth and social well-being.\" \/><\/figure>\n<figure class=\"spip-document spip-document-77049 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma9298.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-77047 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma9262.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-77046 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma8954.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-77045 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma9011.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-77044 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma8417.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-77043 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma9138.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-77042 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma8469.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-77041 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma8563.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-77040 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma8626.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-77039 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma8498.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-77038 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/emma8464.jpg\" alt=\"\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Government of Rwanda and the World Bank on Wednesday, November 13, 2024, launched the Rwanda Country Economic Memorandum (CEM), titled \u201cPathways to Sustainable and Inclusive Growth in Rwanda.\u201d<\/p>\n","protected":false},"author":131,"featured_media":2000077053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-51902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000077053,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/emma9278.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/emma9278.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/emma9278.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/emma9278.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/emma9278.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/emma9278.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=51902"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000077053"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=51902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=51902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=51902"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=51902"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=51902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}